Latest Free trade News

EU adopts 5 billion-euro Brexit reserve to help businesses

Sep. 28, 2021 08:47 AM EDT

BRUSSELS (AP) — The European Council on Tuesday approved a 5 billion-euro ($5.8 billion) reserve aimed at helping EU businesses tackle the short-term effects of Brexit. The council, which represents the national government of every EU member nation, said the money will...

Tensions grow as US, allies deepen Indo-Pacific involvement

Sep. 23, 2021 09:33 AM EDT

BANGKOK (AP) — With increasingly strong talk in support of Taiwan, a new deal to supply Australia with nuclear submarines, and the launch of a European strategy for greater engagement in the Indo-Pacific, the U.S. and its allies are becoming more assertive in their approach toward a rising...

UK's Johnson concedes US trade deal not in the offing

Sep. 22, 2021 13:10 PM EDT

LONDON (AP) — British Prime Minister Boris Johnson conceded Wednesday that a post-Brexit trade deal with the U.S. was not imminent as he voiced confidence that the decades-long U.S. ban on imports of British lamb would be lifted. A day after President Joe Biden...

'Crisis of trust': France bristles at US submarine deal

Sep. 20, 2021 21:43 PM EDT

UNITED NATIONS (AP) — France’s top diplomat declared Monday that there is a “crisis of trust” in the United States after a Pacific defense deal stung France and left Europe wondering about its longtime ally across the Atlantic. France canceled meetings with...

EU official says Aussie trade deal delayed by French snub

Sep. 20, 2021 21:30 PM EDT

CANBERRA, Australia (AP) — Australia’s cancellation of a French submarine contract will complicate and delay negotiations on an Australian-European Union free trade deal, a European trade official said Tuesday. Australia’s decision to end the 90 billion Australian...

France, Australia agree submarine row won't stop trade deal

Sep. 20, 2021 08:07 AM EDT

CANBERRA, Australia (AP) — French and Australian officials said Monday that France’s anger over a canceled submarine contract will not derail negotiations on an Australia-European Union free trade deal. France withdrew its ambassadors to the United States and...

China applies to join Pacific trade pact abandoned by Trump

Sep. 17, 2021 00:06 AM EDT

BEIJING (AP) — China has applied to join an 11-nation Asia-Pacific free trade group in an effort to increase its influence over international policies. Commerce Minister Wang Wentao submitted an application to the trade minister of New Zealand as a representative of the...

Marks & Spencer blames Brexit for store closures in France

Sep. 16, 2021 07:43 AM EDT

LONDON (AP) — British retailer Marks & Spencer said Thursday that it will close 11 of its stores in France, mainly in Paris, as a result of fresh and chilled food supply issues related to Britain's departure from the European Union. The group blamed Brexit...

India, Australia call for global action in Afghanistan

Sep. 11, 2021 09:11 AM EDT

NEW DELHI (AP) — Top ministers from India and Australia on Saturday called for international anti-terror efforts in Afghanistan, bolstering mutual security ties and blunting China's growing regional assertiveness. Australia's foreign and defense ministers met their...

Australia won't allow UN climate goals in UK free trade deal

Sep. 09, 2021 03:32 AM EDT

CANBERRA, Australia (AP) — Australia's government confirmed Thursday that it refused to allow climate change goals to be written into a proposed free trade deal with Britain, as pressure mounts on it to make more ambitious commitments to cut carbon emissions. Prime...